EC 301 Intermediate Macroeconomics
F2E 2012 PE
B.A. Soviet Area Studies, Middlebury College, Middlebury, VermontM.A. Applied Economics, San Diego State University
After class or by appointment.
10/22/2012 - 12/16/12
5:00 - 10:25 PM
Textbook: Macroeconomics, Robert J. Gordon, 12th edition ISBN 0321485513
Textbooks can be purchased through the MBS bookstore
Textbooks can be purchased through the Parkville Bookstore
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Educational Philosophy: It is my intent to impart my passion and excitement for economics with you. Economics is woven into the fabric of all other disciplines that it is difficult to ignore. In order to engage you and share some of my enthusiasm, this class will be held in a round-table discussion format. We will build upon your knowledge of the principles of macroeconomics, but go beyond it to explore and dissect the ideas of various economic schools of thought. As a result of current global economic events and all the fodder that it provides, there is no better time than the present to feel an urgency for knowing what is happening!!
To that end, we will discuss the material presented in our textbook and follow-up it with relevant "ripped-from-the-headlines" video soundbites. Your course assignments will not only test your rote comprehension of presented material, but will challenge your cognitive thinking and ability to infer cause and effect of following a particular economic course of action.
Your participation and enthusiasm will make the class enjoyable and fruitful both for you and your classmates.
Learning Outcomes: Core Learning Outcomes
Link to Class RubricClass Assessment:
of class material, quiz and exam scores will be a direct reflection of how
seriously you take your homework assignments. The problems are targeted to our
discussions and will also be the basis for the quizzes and the final exam.
Your homework assignments are meant to be not only constructive
exercises in which you apply what you've learned in class, but ALSO what
you've learned from your reading the book and the lecture notes.
Assignments are meant to recall your memory to what
we've covered, but also to challenge you with questions that are in the
realm of your understanding but require a bit more work on your part.
You are not penalized for trying..............only for not trying.
Write a paper analyzing the current
economic situation in the United States. Keep in mind global events, as well as
the economic situations of other countries that affect our decisions. Examine
the impact of persistent budget deficits on the trade deficit and analyze the
options available to policy makers when national savings presents opportunities
to improve the trade deficit. Consider different approaches that might be used
by Keynesian theorists and monetary theorists to promote long-run macroeconomic
stability. Appraise the position of supply-side economists as it relates to
government deficits. Evaluate recent national economic policies as they relate
to the magnitude of the trade deficit and analyze the arguments for
protectionist policies and the effect, if any, upon the trade deficit.
For more information regarding the core assessment, including technical writing requirements and specific points to be discussed, refer to the addendum on eCompanion.
In addition, to determine how the core assessment will be graded, refer to the rubric at the end of this document.
All final exams in all School
of Business courses will be comprehensive and will be closed book and closed
notes. They will constitute 30% of the total course grade and will not be a
take-home exam. They will be completed during the test week in the period
designated by the registrar or by the Proctor in the case online courses. If
calculators are allowed, they will not be multifunctional electronic devices
that include features such as: phones, cameras, instant messaging, pagers, and
so forth. Electronic Computers will not be allowed on final exams unless an
exception is made by the Dean of the School of Business.
The final exam is comprehensive and will include both
multiple choice and short-answer questions.
& Point Structure
Possible Course Points
The course grade for students will be based on the overall average of homework and tests taken during the course in accordance with the weighting of the various requirements as stated in the syllabus.
All final exams in all School of Business courses will be comprehensive and will be closed book and closed notes. They will constitute 30% of the total course grade and will not be a take-home exam. They will be completed during the test week in the period designated by the registrar or by the Proctor in the case online courses. If calculators are allowed, they will not be multifunctional electronic devices that include features such as: phones, cameras, instant messaging, pagers, and so forth. Electronic Computers will not be allowed on final exams unless an exception is made by the Dean of the School of Business.
Classroom Rules of Conduct:
Be respectful, honest and ready to learn. The use of any communication device during class will be taken as a sign of disrespect and I will reduce 5 points from your overall score for every violation. Keep in mind, I do not give warnings.
1: What is Macroeconomics?
2: The Measurement of Income, Prices and Unemployment
HW: due 10/30 by 5pm
Quiz: due 10/30 by 5pm
3: Spending, Income and Interest Rates
4: Strong & Weak Policy Effects in the IS-LM Model
HW: due 11/6 by 5pm
Quiz: due 11/6 by 5pm
5: Financial Markets, Financial Regulation & Economic Instability
6: The Government Budget, Government Debt and the Limitations of Fiscal
HW: due 11/13 by 5pm
Quiz: due 11/13 by 5pm
7: International Trade, Exchange Rates, and Macroeconomic Policy
8: Aggregate Demand, Aggregate Supply, and the Great Depression
9: Inflation: Its Causes and Cures
HW: due 11/20 by 5pm
Quiz: due 11/20 by 5pm
10: The Goals of Stabilization Policy: Low Inflation & Low
11: The Theory of Economic Growth
12: The Big Questions of Economic Growth
HW: due 11/27 by 5pm
Quiz: due 11/27 by 5pm
13: Money, Banks, and the Federal Reserve
14: The Goals, Tools, and Rules of Monetary Policy
HW: due 12/4 by 5pm
Quiz: due 12/4 by 5pm
17: New Classical Macro and New Keynesian Macro
18: Conclusion: Where we Stand
Paper Due / Final Exam
Academic Honesty:Academic integrity is the foundation of the academic community. Because each student has the primary responsibility for being academically honest, students are advised to read and understand all sections of this policy relating to standards of conduct and academic life. Park University students and faculty members are encouraged to take advantage of the University resources available for learning about academic honesty (www.park.edu/current or http://www.park.edu/faculty/).from Park University 2011-2012 Undergraduate Catalog Page 95-96
Plagiarism:Plagiarism involves the use of quotations without quotation marks, the use of quotations without indication of the source, the use of another's idea without acknowledging the source, the submission of a paper, laboratory report, project, or class assignment (any portion of such) prepared by another person, or incorrect paraphrasing. from Park University 2011-2012 Undergraduate Catalog Page 95
Attendance Policy:Instructors are required to maintain attendance records and to report absences via the online attendance reporting system.
Park University 2011-2012 Undergraduate Catalog Page 98
Disability Guidelines:Park University is committed to meeting the needs of all students that meet the criteria for special assistance. These guidelines are designed to supply directions to students concerning the information necessary to accomplish this goal. It is Park University's policy to comply fully with federal and state law, including Section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, regarding students with disabilities. In the case of any inconsistency between these guidelines and federal and/or state law, the provisions of the law will apply. Additional information concerning Park University's policies and procedures related to disability can be found on the Park University web page: http://www.park.edu/disability .
Last Updated:9/18/2012 10:01:15 AM